SC verdict in Sebi-NCLT legal tussle will set a precedent, say experts

The Supreme Court’s verdict in the case filed by market regulator Securities and Exchange Board of India (Sebi) against an order by the National Company Law Tribunal (NLCT) in a case pertaining to illegal money collection will set a precedent, say legal experts.   The most important being whether investors or depositors in a collective investment scheme (CIS) qualify as financial creditors and whether the Insolvency Bankruptcy Code (IBC) can override all other regulations pertaining to recovery proceedings. “It shall be crucial to note how the Supreme Court in.....

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